PARANOID! TIRED OF TALKING TO YOURSELF? LET'S TALK(TTP) Message Board

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Biotech / Medical : PARANOID! TIRED OF TALKING TO YOURSELF? LET'S TALK(TTP)

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To: Arthur Radley who started this subject	11/16/2000 1:32:21 PM
From: nigel bates	Read Replies (1) of 626

Nov. 16, 2000--Titan Pharmaceuticals, Inc. (AMEX: TTP - news) today announced that it has entered into definitive purchase agreements for the sale of 1.2 million shares of newly issued common stock to selected institutional investors for $43.8 million. The purchase price is $36.50 per share. Following completion of this private placement, the Company will have approximately 27.2 million shares outstanding. The Company expects to file a registration statement on Form S-3 within 15 days after closing of the transaction for purposes of registering the shares of common stock issued in the private placement. Titan may use the net proceeds of the offering to advance additional product indications in Phase III human testing, to acquire or in-license additional technologies or products, and for working capital and other general corporate purposes...

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